Tag Archive for: deal

The Smartwater Group completes counterpart deal | Midlands Deals News

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The Smartwater Group completes counterpart deal

Telford-based risk management company The Smartwater Group has completed the acquisition of a counterpart. Lincoln’s Sills & Betteridge advised on the deal.

As part of the newly expanded group, Tag Security Holdings (TSH), which operates as Tag Guard in the UK and BetaGuard in Europe, will continue to supply mobile security systems. It plans to provide a broader range of technologies which deter crime and maximise the chances of a successful criminal prosecution.

TSH is an English holding company with subsidiaries in Holland, Belgium, Germany and Canada.

The deal was led by Sills & Betteridge partner Martin Walsh.

Managing director Martin Berends said: “Until completion of the sale of TSH, I was a majority shareholder, a Dutch national and resident, heading the international businesses of the group.

“I had little knowledge of the complex English legal process concerning selling shares in an English company. It was therefore absolutely vital for us to find and instruct a lawyer of Martin’s calibre.

“Martin smoothly guided us to a successful completion following a very lengthy and intensive sales process during which Martin provided the legal and commercial expertise, reassurance and confidence that only comes with more than 30 years of international merger and acquisition legal and transactional experience.

“Martin came to us very highly recommended. He delivered on all counts.”

Walsh added: “Now TSH is part of a much larger global group with an increased product range, their future looks to be very strong and I wish them every success.”

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Tencent’s $1.3 Billion Sumo Deal Under US Security Probe

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A US national security panel is investigating Tencent Holdings’ $1.27 billion (roughly Rs. 9,518 crore) takeover of Sumo Group, the British videogame maker said on Friday, in a possible setback to the Chinese internet giant.

Sumo, which has studios in the United States and four other countries, said Tencent had agreed to offer undertakings to gain approval from the Committee on Foreign Investment in the United States (CFIUS), which assesses deals to ensure they do not hurt national security.

The secretive task force, which is also looking into the US sale of video-sharing app TikTok, had tightened its scrutiny of Chinese deals under former President Donald Trump.

Tencent had made a deal with Sumo in July, just days after China’s market regulator blocked its plans to merge videogame streaming sites, Huya and DouYu, on antitrust grounds.

Sumo and Tencent are engaging with the CFIUS to get clearance for the acquisition before the end of the year, the British firm said on Friday.

Sheffield-based Sumo’s clients and partners include Microsoft’s XBOX game studios, Apple and Alphabet’s Google, among others.

The deal would bring together Sumo’s racing and snooker games with Tencent’s more high-profile range of games that includes the mobile version of “Call of Duty”.

© Thomson Reuters 2021

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Save on a bundle deal that includes a private phone line and top-rated VPN

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Deal pricing and availability subject to change after time of publication.

TL;DR: Stay on top of your data security with the Lifetime Mobile Privacy and Security Subscription Bundle. As of July 18, get it for only $29.99 — a 91% savings.

For a limited time, you can get a Hushed Private Phone Line and a lifetime subscription to KeepSolid VPN bundled together for just $29.99.

The Hushed Private Phone Line lets you set up a second secure phone number while keeping your real number hidden. You can choose from hundreds of different area codes across the U.S. and Canada, and your plan includes a yearly usage of 6,000 SMS or 1,000 call minutes that automatically renews each year.

The lifetime subscription to KeepSolid VPN gives you security and anonymity online with no speed or bandwidth limits. Break down geographical barriers for apps like Netflix, BBC iPlayer, Hulu, and more, all while enjoying military-grade AES 256-bit encryption.

At full price, you’d pay $349 for both apps. But, for a limited time, you can save hundreds with this bundle deal and pay just $29.99 for a lifetime subscription to both.

The Lifetime Mobile Privacy and Security Subscription Bundle — $29.99

Credit: KeepSolid

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Ericsson to partner with Verizon in $8.3 billion deal to expand 5G coverage

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Ericsson, a Swedish telecom company with its North American headquarters in Plano, will partner with Verizon to expand its U.S. 5G network in a $8.3 billion deal announced Friday.

Under the five-year agreement, Verizon will utilize Ericsson’s different technology solutions to expand its ultra-wideband 5G coverage. This includes the Massive MIMO, Ericsson Spectrum Sharing and the Ericsson Cloud Radio Access Network.

The deal is the single largest in Ericsson’s history, which stretches back to 1876.

“This is a significant strategic partnership for both companies, and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector,” said Niklas Heuveldop, president and head of Ericsson North America.

Ericsson and Verizon have a long track record of partnering together. In 2020, Verizon became the first communications service provider to receive a commercial 5G base station from the Ericsson smart factory in Lewisville.

Verizon wants to rapidly expand its 5G network as it competes with AT&T and T-Mobile to grant its customers reliable 5G access. The company pledged over $45.5 billion in a C-band auction that closed in February to secure more mid-band spectrum coverage.

“5G is really going to change the future,” said Karen Schulz, who works in global network and technology communications for Verizon. “The fundamental capabilities of 5G will usher in applications and innovations that we’ve never seen before.”

5G has the potential to enhance apps and technologies like augmented reality and the Internet of Things, Schulz said.

In Texas, Verizon users are connected to 5G over 12% of the time, while T-Mobile users are connected 40% of the time and AT&T users are connected over 26% of the time, according to the latest 5G User Experience Report by Opensignal. Nationally, Verizon users are connected to 5G over 10% of the time.

As 5G expands in Texas, businesses are most likely to initially see the largest changes in coverage because they can tap into the network’s full capabilities, said Ram Dantu, director of the Center for Information and Cyber Security at the University of North Texas.

“Consumers may not be able to see the…

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